Arbeitspapier
Preemption in Capacity and Price Determination - A Study of Endogenous Timing of Decisions for Homogeneous Markets
Endogenous timing can help to derive the time structure of decision making instead of assuming it as exogenously given. In our study we consider a homogeneous market where, like in the model of Kreps and Scheinkman (1983), sellers determine sales capacities before prices. Sellers must serve customers, but at higher costs when demand exceeds capacitiy. Our model allows for preemption in capacity as well as in price determination. Since preemption means to decide before the random choice of cost parameters reflecting the stochastic nature of (excess) capacity costs, preemptive commitments are no obviously better timing dispositions.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 309
- Classification
-
Wirtschaft
- Event
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Geistige Schöpfung
- (who)
-
Güth, Sandra
Güth, Werner
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2000
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Güth, Sandra
- Güth, Werner
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2000
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